Check me on this first-timer strategy...

[Victor Solomon]

hey guys -- new to the space and community, really grateful for the resource. 

Have had a great year of income from private client projects and looking to deploy some capital to building sustainable structure for my future. Putting together my first strategy and wanted to get some feedback from the gang: 

* FHA loan to acquire duplex / triplex in cool area of Los Angeles with close proximity to a hospital

* Short term / Mid term rental unit(s), establish one as my primary residence -- possibly pivoting to long term rentals in the future

* Cost-seg to offset private client income tax liability (also takes some cashflow pressure off the short term rental(s))

* Rinse and repeat once annually to build portfolio via FHA reduced downpayment & keep knocking down tax liability from ongoing private client projects

* Maybe one day in the future 1031 all into one large multi-unit property to cash flow into the sunset?

Any major red flags or delusional mistakes in this strategy? Anything more optimal with these three priorities in mind (building equity with long time horizon in mind, tax offset optimization, nimble cash-flow via short term rentals)

thanks all!

[Steve Vaughan]

Quote from @Victor Solomon:

* FHA loan to acquire duplex / triplex in cool area of Los Angeles with close proximity to a hospital

* Short term / Mid term rental unit(s), establish one as my primary residence -- possibly pivoting to long term rentals in the future

* Cost-seg to offset private client income tax liability (also takes some cashflow pressure off the short term rental(s))

* Rinse and repeat once annually to build portfolio via FHA reduced downpayment & keep knocking down tax liability from ongoing private client projects

* Maybe one day in the future 1031 all into one large multi-unit property to cash flow into the sunset?

Any major red flags or delusional mistakes in this strategy? Anything more optimal with these three priorities in mind (building equity with long time horizon in mind, tax offset optimization, nimble cash-flow via short term rentals)

Great plan overall,  but I doubt the value of a cost-seg on smaller property is worth it.